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X Factor: 5 High-Yield Stocks Reaching Their Ex-Dividend Date on November 6

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Navios Maritime Partners, R.R. Donnelley & Sons Company, and Southern Copper Corporation are on the list.

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MINYANVILLE ORIGINAL Many stocks will reach their ex-dividend date tomorrow, which is significant for investors as the seller of the stock on that date, not the buyer, receives the most recent dividend.

A stock must be bought one day before the ex-dividend date to claim any dividends that have been announced but not yet paid. The company determines on the record date, which usually occurs two days after the ex-dividend date, which shareholders qualify for the dividend. Shareholders listed as holders of record after the record date then receive their dividend on the date of payment established by the company. Those purchasing right before the record date forfeit the dividend and normally get the stock for a reduced amount.

It may seem an anachronism in this era of high frequency trading, but the dividend rate rules are in force since it can still take up to three business days for transactions to be credited to and settled in an investor's account.

Below are five high-yield stocks that schedule November 6 as their ex-dividend date. All annual yields are estimated.

Navios Maritime Partners (NYSE:NMM) yields 11.22% annually and has a market cap of $968.48 million. Navios Maritime Partners engages in the ownership and operation of dry cargo vessels primarily in Europe, Asia, North America, and Australia. It will pay a quarterly dividend of $0.4425 on November 13, and its quarterly yield will be 2.80% based on Friday's closing price of $15.78. The company has paid a quarterly dividend since 2008, and each dividend payment has either increased or remained the same from the prior quarter.

R.R. Donnelley & Sons Company (NASDAQ:RRD) yields 10.21% annually and has market cap of $1.81 billion. R.R. Donnelley & Sons Company provides integrated communication solutions to private and public sectors worldwide. It will pay a quarterly dividend of $0.26 on December 3, and its quarterly yield will be 2.55% based on Friday's closing price of $10.19. The company has paid a quarterly dividend since the second half of 1985, and each dividend payment has either increased or remained the same from the prior quarter.

Southern Copper Corporation (NYSE:SCCO) yields 9.63% annually and has a market cap of $32.55 billion. Southern Copper Corporation engages in mining, exploring, producing, smelting, and refining copper and other minerals in Peru, Mexico, and Chile. It will pay a dividend of $2.75 on November 21, and the dividend payment yield will be 7.14% based on Friday's closing price of $38.54. The company has paid a quarterly dividend since 1996.

Boardwalk Pipeline Partners (NYSE:BWP) yields 8.00% annually and has a market cap of $6.11 billion. Boardwalk Pipeline Partners, through its subsidiaries, engages in the ownership and operation of integrated natural gas pipelines and storage systems in the United States. It will pay a quarterly dividend of $0.5325 on November 15, and its quarterly yield will be 2.18% based on Friday's closing price of $26.64. The company has paid a quarterly dividend since 2006, and each dividend payment has either increased or remained the same from the prior quarter.

American Realty Capital Trust (NASDAQ:ARCT) yields 6.19% annually and has a market cap of $1.78 billion. The real estate investment trust, or REIT, will pay a monthly dividend of $0.0595 on November 15, and its monthly yield will be 0.53% based on yesterday's closing price of $11.30. The REIT began paying a monthly dividend this year.

These companies also have their ex-dividend date on November 6. All annual yields are estimated.

Entergy Corporation (NYSE:ETR) yields 4.66% annually and will pay a quarterly dividend of $0.83 on December 3.

Federated Investors (NYSE:FII) yields 4.32% annually and will pay a total quarterly and special dividend of $1.75 on November 15.

Alexander's (NYSE:ALX) yields 3.44% annually and will pay a quarterly dividend of $3.75 on November 19.

Aspen Insurance Holdings (NYSE:AHL) yields 2.19% annually and will pay a quarterly dividend of $0.17 on November 26.

The TJX Companies (NYSE:TJX) yields 1.11% annually and will pay a quarterly dividend of $0.115 on November 29.

Purchase -- and have your broker settle -- before the ex-dividend date to secure the dividend.

Twitter: @ChrisWitrak
No positions in stocks mentioned.
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